Alternet Systems Continues To Develop Military Applications For $700 Billion DOD Sector
May 17 2018 - 9:43AM
InvestorsHub NewsWire
Dallas, TX -- May 17, 2018
-- InvestorsHub NewsWire -- Alternet Systems, Inc. (USOTC:
ALYI) today announced new developments within its ongoing
strategy to integrate its patented
lithium battery technology into energy solutions to support
combat systems. Alternet
concentrates defense industry sales efforts on developing
partnerships with the approved government contractors that already
account for more than $250 Billion in annual US
defense spending. The overall US Defense Budget is $700 Billion. In addition
to working to integrate Alternet’s patented lithium battery
technology into energy solutions to support combat systems for US
defense systems, Alternet has added to its business strategy the
development of partnerships to integrate Alternet’s patented lithium
battery technology into energy solutions to support combat systems
for defense systems to be made available to US foreign military
allies.
Alternet Business Strategy
Alternet’s strategy to commercialize
and expand its portfolio of patented lithium battery technology is
to forge partnerships where the patented lithium battery technology
is integrated into commercial products. As an example of
Alternet’s strategy to further develop its lithium battery
technology, Alternet recently launched an Electric Vehicle (EV)
business called ReVolt Electric Motorbikes utilizing the company’s
portfolio of patented lithium battery technologies. Alternet management indicates an opportunity similar
to the ReVolt subsidiary is in the works within the defense
sector. Management anticipates the defense sector opportunity
to evolve from an existing defense sector consulting agreement in
which the company is currently engaged.
Alternet Defense Industry
Experience
Randell Torno, CEO of Alternet
Systems, and Ed Bollen, company Presidient, both have a long background
working with companies that are key participants in both industrial
and military technology industries. Together they
bring both public and private sector experience working in the
military and intelligence sectors. Both retired from government
service, but are still engaged in recurring work with foreign and
domestic government agencies.
Analyst
Research
Goldman Small Cap Research recently
issued a research report on the Company. The report includes
a “speculative-buy” rating with a target price-per-share of
$0.09. The report provides an in-depth overview and analysis
of Alternet’s patented lithium battery technology portfolio and the
first application of the technology in an electric motorcycle being
produced by an Alternet subsidiary. To view the report,
visit www.lithiumip.com/research-rpt or
www.GoldmanResearch.com.
About Alternet Systems,
Inc.
Alternet Systems, Inc. is leveraging its
key lithium battery technologies patent agreement to introduce
innovative, environmentally sustainable products to various
consumer markets. The first product category in which a first run
of production will be introduced this year, is lithium
battery-powered motorcycles, to be followed by motorbikes. These
products will be released through its newly launched ReVolt
Electric Motorbikes subsidiary.
Keep up with ReVolt’s latest developments by checking back
periodically to the company’s website: www.revoltmotorbikes.com
Learn more on the company's website: www.lithiumip.com
Disclaimer/Safe Harbor: This news release contains
forward-looking statements within the meaning of the Securities
Litigation Reform Act. The statements reflect the Company's current
views with respect to future events that involve risks and
uncertainties. Among others, these risks include the expectation
that any of the companies mentioned herein will achieve significant
sales, the failure to meet schedule or performance requirements of
the companies' contracts, the companies' liquidity position, the
companies' ability to obtain new contracts, the emergence of
competitors with greater financial resources and the impact of
competitive pricing. In the light of these uncertainties, the
forward-looking events referred to in this release might not
occur.
Alternet Systems, Inc. Contact:
Randell Torno
info@lithiumip.com
1 800 713 0297
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